Medical allowance is a fixed component that you receive every month as part of your monthly salary, that is taxable as salary income. Whereas Medical reimbursement is a tax-free component and as discussed above, it is exempted up to the amount spent by employee or Rs. 15,000 whichever is less.Read More →
You can claim a non-refundable tax credit if you paid medical expenses exceeding 3% of your net income (line 275 of your tax return). The medical expenses must have been paid in the course of a period of 12 consecutive months for: yourself. Which section medical bills are tax deductible?Read More →
Medical allowance is a fixed component that you receive every month as part of your monthly salary, that is taxable as salary income. Whereas Medical reimbursement is a tax-free component and as discussed above, it is exempted up to the amount spent by employee or Rs. 15,000 whichever is less.Read More →